Ethereum (ETH-USD) Demand is Off the Charts

May 3, 2021

Ethereum (ETH-USD) Demand is Off the Charts

The cryptocurrency market is up +3.5% today, and the charge higher is being led by Ethereum (ETH-USD).

Consumer Demand for the second-largest coin on the market has soared to new heights alongside the price, up +360% YoY and +83% from the 2018 ATH on a 90-day moving average.

Thanks in part to its heavily-utilized blockchain (more than 200,000 unique tokens are run on the ETH network), the price of Ethereum has increased by +27% in the last week, blowing past the $3000 price level.

Meanwhile, Bitcoin has lagged behind- only up +8% in the same timeframe.

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